Overview

US President Barack Obama has called economic inequality the ""defining issue of our time."" It has inspired the ""Occupy"" movements, made a French economist into a global celebrity, and given us a new expression - the ""one percent."" But is our preoccupation with inequality really justified? Or wise? In his new book, William Watson argues that focusing on inequality is both an error and a trap. It is an error because much inequality is ""good,"" the reward for thrift, industry, and invention. It is a trap because it leads us to fixate on the top end of the income distribution, rather than on those at the bottom who need help most. In fact, if we respond to growing inequality by fighting capitalism rather than poverty, we may end up both poorer and less equal. Explaining the complexities of modern economics in a clear, accessible style, The Inequality Trap is the must-read rejoinder to the idea that fighting inequality should be our top policy priority.

Full Product Details

Author:   William Watson
Publisher:   University of Toronto Press
Imprint:   University of Toronto Press
Dimensions:   Width: 16.30cm , Height: 2.20cm , Length: 23.60cm
Weight:   0.500kg
ISBN:  

9781442637245

ISBN 10:   1442637242
Pages:   240
Publication Date:   16 September 2015
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Temporarily unavailable  
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Reviews

"'Accessible and extraordinarily well written, this volume is full of fascinating insights.' -- R.S. Rycroft Choice Magazine vol 53:07:2016 ""Anyone looking to play devil's advocate with [Thomas] Piketty-purchasing friends would be well served by this book."" -- James Ryerson The New York Times Sunday Book Review, December 20, 2015"

""Anyone looking to play devil’s advocate with [Thomas] Piketty-purchasing friends would be well served by this book."" -- James Ryerson * The New York Times Sunday Book Review, December 20, 2015 * ‘Accessible and extraordinarily well written, this volume is full of fascinating insights.’ -- R.S. Rycroft * Choice Magazine vol 53:07:2016 *

Anyone looking to play devil's advocate with [Thomas] Piketty-purchasing friends would be well served by this book. -- James Ryerson The New York Times Sunday Book Review, December 20, 2015

Author Information

William Watson teaches economics at McGill University and is associated with four Canadian policy institutes: C.D. Howe, Fraser, IRPP, and MacDonald-Laurier. He is a regular columnist for both the National Post and Ottawa Citizen.

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